Monolithic Power Systems, Inc. (NASDAQ:MPWR) Stock Holdings Decreased by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR) by 18.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 449 shares of the semiconductor company’s stock after selling 103 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Monolithic Power Systems were worth $266,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Avantax Advisory Services Inc. boosted its holdings in shares of Monolithic Power Systems by 0.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,200 shares of the semiconductor company’s stock valued at $1,893,000 after buying an additional 14 shares during the period. WP Advisors LLC boosted its holdings in shares of Monolithic Power Systems by 3.2% in the 4th quarter. WP Advisors LLC now owns 522 shares of the semiconductor company’s stock valued at $309,000 after buying an additional 16 shares during the period. Allworth Financial LP boosted its holdings in shares of Monolithic Power Systems by 11.5% in the 4th quarter. Allworth Financial LP now owns 155 shares of the semiconductor company’s stock valued at $92,000 after buying an additional 16 shares during the period. Keybank National Association OH boosted its holdings in shares of Monolithic Power Systems by 1.2% in the 4th quarter. Keybank National Association OH now owns 1,824 shares of the semiconductor company’s stock valued at $1,079,000 after buying an additional 22 shares during the period. Finally, Truvestments Capital LLC boosted its holdings in shares of Monolithic Power Systems by 5.0% in the 4th quarter. Truvestments Capital LLC now owns 462 shares of the semiconductor company’s stock valued at $273,000 after buying an additional 22 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Monolithic Power Systems Price Performance

NASDAQ MPWR opened at $715.40 on Friday. Monolithic Power Systems, Inc. has a 12 month low of $438.86 and a 12 month high of $959.64. The firm has a market capitalization of $34.25 billion, a PE ratio of 19.46, a P/E/G ratio of 2.60 and a beta of 1.18. The company’s 50 day simple moving average is $586.35 and its 200 day simple moving average is $617.38.

Monolithic Power Systems (NASDAQ:MPWR) last posted its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $4.00 by $0.04. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The business had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. During the same quarter last year, the business earned $2.81 earnings per share. The business’s revenue for the quarter was up 39.2% on a year-over-year basis. Sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Activity at Monolithic Power Systems

In related news, EVP Maurice Sciammas sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $701.00, for a total transaction of $8,412,000.00. Following the transaction, the executive vice president now owns 4,015 shares in the company, valued at $2,814,515. This trade represents a 74.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kuo Wei Herbert Chang sold 100 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $698.00, for a total transaction of $69,800.00. Following the transaction, the director now owns 676 shares in the company, valued at $471,848. This represents a 12.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock worth $8,546,800 over the last quarter. 3.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MPWR shares. KeyCorp decreased their price target on shares of Monolithic Power Systems from $850.00 to $820.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Citigroup boosted their target price on shares of Monolithic Power Systems from $615.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. TD Cowen boosted their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Oppenheimer reissued an “outperform” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, March 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $779.83.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.